How Employers Are Managing Rising Healthcare Costs in 2019

How Companies Are Managing & Reducing Healthcare Costs

Yes, the price of health insurance is still rising. But that’s no surprise. Companies have nervously anticipated that news annually for a long time. The good news—or as good as it gets—is that the rise in employer healthcare costs per employee has plateaued over the last few years.

According to the Society for Human Resource Management (SHRM), employer healthcare costs in 2019 were to only experience about a 6 percent hike from 2018. That’s certainly not inconsequential, but it roughly matches the year-to-year increases from the previous five years. Over that period the annual rate boost has ranged between about 5.5 percent and 7 percent. It’s been worse.

SHRM also reports that the average cost of employer-provided health insurance in 2019, including employee contributions and out-of-pocket costs,